Azerbaijan 2021
Detailed economic analysis and indicators for 2021
Key Economic Indicators (2021)
GDP (Current USD)
$54.83 billion
↑ 28.42% vs 2020GDP per Capita
$5,408.05
↑ 27.85% vs 2020GDP Growth (Annual %)
5.62%
↑ 9.92pp vs 2020Inflation Rate (CPI %)
6.65%
↑ 3.89pp vs 2020Year-over-Year Comparison
| Indicator | 2020 | 2021 | Change |
|---|---|---|---|
| GDP (Current USD) | $42.69 billion | $54.83 billion | +28.42% |
| GDP per Capita | $4,229.91 | $5,408.05 | +27.85% |
| GDP Growth (Annual %) | -4.30% | 5.62% | +9.92pp |
| Inflation (CPI %) | 2.76% | 6.65% | +3.89pp |
| Unemployment Rate (%) | 7.24% | 6.04% | -1.20pp |
All Economic Indicators (2021)
National Accounts
- GDP (Current USD)
- $54.83 billion
- GDP per Capita
- $5,408.05
- GDP Growth (Annual %)
- 5.62%
- Gross National Income
- $53.69 billion
Prices & Employment
- Inflation (CPI %)
- 6.65%
- Inflation (GDP Deflator %)
- 21.59%
- Unemployment Rate (%)
- 6.04%
- Interest Rate (Real %)
- -4.25%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 14.96%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2021, Azerbaijan's Gross Domestic Product (GDP) is $54.83 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Azerbaijan for 2021 is $5,408.05. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Azerbaijan for 2021 is 6.65%. This measures the annual percentage change in the cost of consumer goods and services.
Azerbaijan's annual GDP growth rate for 2021 is 5.62%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Azerbaijan for 2021 is 6.04%. This represents the percentage of the labor force that is unemployed and actively seeking employment.